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Updated about 1 year ago,
What option would you choose if you were in my case?
Hello, I'm a 27 yrs old, married RE investor in Lancaster, PA & recently sold my first house doing flipping and got 125k in my pocket as cash. I'm just hesitating about how to use this money now, because I heard that house hacking is the best option to start with FHA for me from a lot of investors. So I'm planning to do so but where.
I have my music artist career as well, so I'm thinking doing this house hacking in LA area (maybe Korea town area or around that place), not in PA to make relationships with people who are into music & meet my relatives, which also can generate my resident place in LA and it can make me go back and forth between LA & PA whenever I want. (I have my wife in PA here so she wants to stay in PA but sometimes she also wants to go to LA for taking a break.)
So, if I buy a Quadplex condo or multi family house with around 1 M in LA area, I feel like I can grow up in music career side and make my future kind of easier and make me do what I want to do I think.
Only thing I feel bad is that CA is now tenant friendly state.
So my question is... if you were in my situation, where do you think you want to do house hacking? And if not house hacking, what investment plan are you going to do? (Keep flipping? Doing BRRR in PA?)
Please give me some advices:)